In what seems like a flat weekend market, Tezos has gained roughly around 30 percent following the news of its mainnet launch on Monday, September 17.

Mainnet Launch Announced, Prices React

On Friday, September 14, Tezos (XTZ) 00 announced the official launch of their mainnet the coming Monday. At that point, the project’s token supply which is currently valued upwards of $1 billion will conclude it’s beta “experimental” phase and become fully operational and run by the community.

The news has affected the prices immediately, as XTZ marks an increase of around 30 percent since the announcement.

Tezos’ overall monthly performance has also been sent in the green after the news broke out, as the cryptocurrency marks an increase of about 40 percent on the month.

Calm Market

The market has been fairly calm at the start of the weekend, where all of the top 20 cryptocurrencies besides Bitcoin Cash (BCH) 00 and Dogecoin (DOGE) 00 have been trading in the green for the last 24 hours according to data from CoinMarketCap.

Bitcoin (BTC) 00 marks a 5 percent increase over the last seven days but is still down with about 15 percent for the past two weeks.

The world’s second largest cryptocurrency — Ether (ETH) 00 — is also up for the day, but remains down with over 22 percent for the month.

Earlier this week the Bitcoinist reported that Ethereum’s co-founder, Vitalik Buterin, expressed his thoughts that there is no more room for 1,000x price increases in the field of cryptocurrencies.

If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.

What do you think of Tezos’ rising price? Will the launch of its mainnet will cause further increases? Don’t hesitate to let us know in the comments below!

This post was originally published on this site Despite the market-wide price plunge last year, cryptocurrency trading volumes have actually increased in 2018 vs 2017. The views and opinions expressed here are solely those of [...]

This post was originally published on this site sponsored A new ecosystem is offering a suite of services including a marketplace for buying goods using crypto as well as an automated trading bot. An upcoming [...]

This post was originally published on this site Well-established crowdfunding service adds blockchain to go global The crowdfunding market is ripe for blockchain disruption Crowdfunding on blockchain is expected to be the fastest growing application [...]

This post was originally published on this site Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend [...]

This post was originally published on this site Leaders of G20 member countries have started work on an international cryptocurrency taxation system. The G20 countries have called for the taxation of cryptocurrency, as well as [...]